Recent Funding: $148,000 Fix & Flip Loan in San Diego, CA

San Diego, CA – TaliMar Financial is pleased to announce our most recent funding of a $148,000 Hard Money Fix & Flip Loan loan secured on a residential condominium in National City, CA. Our borrower will complete a cosmetic update of the property before listing it for sale.

The Borrower first approached TaliMar Financial seeking a Proof of Funds letter for their offer. With our Proof of Funds letter and their ability to close within 5 business days, their offer was accepted. Because the Borrower was pre-approved through our Preferred Borrower Account, we were able to complete fund the hard money loan in a short time period.

Our hard money fix and flip loan was structured at 70% of completion value and funded 100% of the renovation costs. The renovation funds will be disbursed to the borrower in 5 predetermined draws.

Because TaliMar Financial is a direct San Diego Hard Money Lender, we were able to structure an aggressive hard money Fix and Flip loan secured on a condominium. Many hard money lenders and conventional lenders will not fund condominiums due to the perceived underwriting risk.